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22/01/2022 02:39pm

Union budget: Haryana MSMEs call for restoration of freight subsidy on exports

image Union budget: Haryana MSMEs call for restoration of freight subsidy on exports

New Delhi, Jan 22 (KNN) Ten days before the union budget for FY23, expectations from across the country and sectors are rolling in. 

In this view, MSMEs in the state of Haryana are expecting restoration of freight subsidy for exporters which was abolished with the nearest port in Mumbai. 

This, they believe, would boost exports and the overall economy as cotton garments are one of the major exports from Haryana along with automobiles, handlooms etc.

Animesh Saxena, garment exporter based in Harayana cum FISME President shared a slew of expectations the MSME sector has from the budget during an interaction with KNN India. 

Pointing out the power supply being expensive in the state and how it affects production, he has suggested that power subsidy must be provided to MSMEs. 

He said that the industry has urged for the restoration of Credit Linked Capital Subsidy Scheme either by the state or the Central government as MSMEs require capital for technology upgradation to modernise their plants.

Further the contentious job quota law has also been a challenge for the MSMEs in Haryana as finding skilled domicile labour is difficult, hence  an exemption from this law is urged by the sector.

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